Huaihe Energy: Issuance of 3.281 billion shares to purchase assets approved.

Huaihe Energy Announcement: The company plans to purchase 89.30% equity of Huaihe Energy Power Group Co., Ltd. held by its controlling shareholder Huainan Mining Co., Ltd. through the issuance of shares and cash payment. The company received the "Approval on the Issuance of Shares by Huaihe Energy Co., Ltd. for Purchasing Assets" issued by the China Securities Regulatory Commission on November 21, 2025. The China Securities Regulatory Commission approved the company's registration application to issue 3.281 billion shares to Huainan Mining Co., Ltd. to purchase the related assets. This approval is valid for 12 months from the date of issuance.